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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: steve lipson who wrote (8046)	2/20/1998 7:56:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 13594

As was pointed out previously on the thread, Iraq is only one of many scenarios that may bring AOL's bull run to a halt. Frankly, with far more long positions I would prefer to see an AOL specific negative as opposed to an entire market pullback. I understand that AOL's rise has absolutely nothing to do with fundamentals as a PE of 130 is totally ridiculous, but on the same token, there will be no tolerance for even the slightest miscue and IMO when it occurs the fall will be every bit as dramatic as the rise. Larry